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The New Deal: A Historic Turning Point In American Society And Politics

1090 Words5 Pages

Devonte Wilcox
Bennett Parten
Spring 2023/History 2110
May 1 , 2023
"The New Deal: A Historic Turning Point in American Society and Politics" The Great Depression, which lasted from 1929 to 1939, was one of the most significant economic crises in the history of the United States. It caused widespread unemployment, poverty, and homelessness, and had far-reaching consequences that changed the course of American history. The New Deal, a series of government policies and programs put in place by President Franklin D. Roosevelt in response to the crisis, was a major turning point for the United States in several ways. This essay will explore some of the ways in which the Great Depression and the New Deal changed the course of American history. …show more content…

In these improvised settlements, homeless individuals lived in appalling conditions. Hoover did not do anything to alleviate the homeless situation or help people in need. A group of World War I veterans protested in Washington in 1932 and demanded that their bonuses be paid early. Hoover gave the troops the authority to drive them out of the city, by any means necessary. This action further tarnished his reputation and gave the impression that he was callous to the problems of the jobless and the …show more content…

The Depression showed that the market could not always correct itself, and the government needed to step in to stabilize the economy. The Federal Deposit Insurance Corporation (FDIC) was established as the result of the Great Depression, among other key banking reforms. Bank savings were insured by the FDIC, giving Americans a sense of stability and security concerning their finances. This supported the stability of the financial system and avoided more bank runs. A major agriculture reform, the agriculture Adjustment Act (AAA), was also a result of the Great Depression. Farmers were compensated by the AAA to cut back on production, which helped to keep prices stable and stop the agricultural industry from experiencing additional reductions. Large-scale labor changes, such as the Fair Labor Standards Act (FLSA), were also a result of the Great Depression. Overtime compensation, a maximum workweek, and minimum wages were all created by the FLSA. The working environment was enhanced, and workers' rights were safeguarded, thanks to these

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The FDIC made sure the money in savings accounts was secured and that the client did not need to worry about bank failures again. Farmers struggled to keep their farms going at a very difficult time and the New Deal Agricultural Adjustment Act (AAA) helped farmers by paying them to produce fewer goods and crops which would allow them to charge higher prices for their products. This was very helpful to farmers because they were overproducing and no one was buying, so this new deal gave them a source of income. All in all, these New Deal programs were very successful and are still around

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The constriction of the Hoover Damn occurred during the Great Depression, this was an opportunity for employment that attracted an estimated 20,000 men. This project provided a positive temporary solution for the unemployed, although this was only available to a certain audience of people. Hoover did however take many other steps in an attempt to stabilise the economy; unfortunately most were ineffective. For example he placed an even higher tariff on imports through the Hawley-Smoot Tariff, however it backfired as American goods became too expensive to buy in Europe, further contributing to the economic crisis. The programs in place for the public were small in scale and highly specific as to who could benefit, only a small percentage of those who were in need were successfully accounted for.

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The United States entered a period of economic catastrophe known as the Great Depression following the 1929 stock market crash. The political, economic, and social institutions of the United States were terrible during this period of time .Though there is not a specific reason for the Great Depression there are obviously contributing factors such as the overproduction of goods and the 1929 Stock Market Crash which is often said to have been the main leading factor to this catastrophe. The American people and the American government looked for solutions to the issues that Americans faced throughout the 1930s. Among the solutions, President Roosevelt introduced programs known as the ‘New Deal’ which were meant to relieve the American people and get the economy back on track.

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The longest and most dreadful downturn in economic history tossed millions of the hardworking people of America into poverty, for more than a decade neither the federal government or the free market were able to restore themselves from prosperity. Due to the Great Depression, an impetus was provided for President Franklin D. Roosevelt’s New Deal, this deal would forever change the relationship between the government and the American people. The New Deal was considered to be one of the most remarkable times of political reform in American history. In hindsight, it began to become easier to view the New Deal as the essential response to the Depression. However, the New Deal at the time was only one of the countless possible responses to an American capitalist system that had professedly lost its way.

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Having experienced severe unemployment, food shortages, and a corrupt Presidential administration under Herbert Hoover; the American people were beginning to be crushed by the Great Depression. However, things began to turn in a more positive direction as Franklin D. Roosevelt stepped into office and began implementing his New Deal programs. FDR and his entire presidential administration responded to the depression by putting in new policies that would successfully address issues, leading to reform, relief, and recovery. Roosevelt's response to the Great Depression with the New Deal programs was instrumental in stopping America's economic decline, reviving millions of Americans, reforming old policies, and ultimately expanding the government's

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The National Industrial Recovery Act, awarded government contracts for infrastructure projects like building highways, bridges, dams, ports, and sewage plants. Furthermore, it made landmark changes to employment law, creating the 40 hour workweek, setting a minimum age of employment at 16, ensuring collective bargaining rights and setting a first ever national minimum wage. Price declines due to excess production and decreased demand were the main ills of the agricultural sector. The Agricultural Assistance Act, asked farmers to do the unthinkable, plow under fields, refrain from planting fields or raising livestock, and even asked farmers to slaughter their own pigs. Amazingly they had so much faith in FDR, that they complied, and efforts were rewarded with rising profits for

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Due to the Dust Bowl farmers were defaulting on loans which was a huge cause of bank failures. Also in 1933, the Federal Deposit Insurance Corporation was created to ensure people's deposits, which now insures $250,000 per bank. Another big cause of the banks failing was because the Great Depression caused people to all withdraw their money at once, which created a huge run on banks. People still debate if the banking system collapse caused the great depression or if the great depression caused all the bank failures, and you can find evidence to show both sides were

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According to Encyclopedia of American History, an infographic shows the Farm Credit Administration(FCA) coming into effect in 1933(Document 10). The purpose of the FCA was help farms out by placing a lower mortgage price on farms for a longer set amount of time. Another aspect that workers obtained from the New Deal was the National Industrial Recovery Act(NIRA),

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20192960 In a time when America was ending time of imperialism and beginning the Progressive Era, While World War I was ending and America was thriving through the roaring 20s. Suddenly, the stock market crash put the United States in a great depression that led the people through the end of World War II. It is in this context that the New Deal gave the federal government more control in America. The New Deal had a great impact on the federal government by setting a stronger appearance in business practices and the overall economy along with direct involvement in personal lives.

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The United States went through a long period of economic instability. Banks had failed causing a loss of money and trust in banks. People were then forced into poverty or struggling times. President Franklin D. Roosevelt came along and The New Deal gave a lot of need to those in need the help they really desired. Although WWII was helping America from its depression, FDR’s

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The New Deal changed America forever. The New Deal was a set of federal programs financial support from the government to respond to the Great Depression. The Great Depression caused widespread panic throughout America and it was caused by consumers spending less money, industries failing to produce and sell products, and the unevenly distribution of income. Through all of this tragedy, President Hoover’s philosophy explain that the economic cycle and the government is not responsible individual lives. The term is called “Rugged Individualism” which was the idea that people can succeed through their own effort.

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These acts of panic worsened the crash by leading many banks to go broke for money. This stabilization of the economy benefited many. Another extremely important act came in the form of the Fair Labor Standards Act passed in 1938. This legislative document prevented children under 16

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When looking back through American History, it is hard gloss over the Great Depression and New Deal. The 12 year stretch that was the Great Depression was a massive money crisis that almost the entirety of the United States experienced. Nearly everyone lost all of their money due to large United States banks closing due to everyone withdrawing their money at once. Fortunately for the USA, Franklin D. Roosevelt had a plan. This plan was called the “New Deal”.

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The Social Security Act remains the largest and most prominent social aid program originally established by the New Deal legislation. Other developments such as the ban on child labour, maximum working hours, and minimum wages were also discussed or introduced to a limited extent. The New Deal also created alphabet agencies (an integral component of the first phase of the New Deal) such as the AAA (helping farmers sell their produce. Increase demand), the HOLC(helping the poor who were forced out of their homes), musicians and artists were even helped and they produced items for the government and many others. Due to the regulation of financial sectors, after the New Deal, EBRA, Glass Steagal Act and more were created for the monitoring of the

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During the Great Depression many people lived in poverty, more than 20% of the people were unemployed, but President Roosevelt implemented programs to help Americans prosper. The Great Depression is when the America’s economy had fallen to its lowest point. Many people lost their money and it’s when poverty hit rock bottom. The New Deal was necessary because even though it didn 't end the Great Depression it helped lowered unemployment, secure their money, and helped the economy prosper. In its attempt to end the Great Depression, the New Deal had many successes and failures    

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